GLOSSARY OF INTERNATIONAL TRADE TERMS

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L

Landing Certificate Legal Weight Letter Of Credit (L/C), Commercial Letter Of Credit, Advised Letter Of Credit, Clean Letter Of Credit, Confirmed Letter Of Credit, Negotiable Letter Of Credit, Red Clause Letter Of Credit, Restricted Letter Of Credit, Standby Letter Of Credit, Straight Letter Of Credit, Transferable Letter Of Instruction Licensing Lighter

Letter Of Credit, Straight An L/C that is available to the beneficiary by presentation of documents to the issuing bank. The issuing bank's engagement to pay extends only to the beneficiary. See related terms: Letter Of Credit, Negotiable

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